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Valuation
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About the book

Valuation

The #1 best-selling guide to business valuation, newly updated and revised
Valuation: Measuring and Managing the Value of Companies has been the gold standard on the topic for more than 30 years. Now in its eighth edition, this acclaimed volume continues to help corporate executives, bankers, other financial professionals, and students around the world gain a deep understanding of valuation and help their companies create and maximize economic value.
Called “the best practitioners' guide to valuation” by The Financial Times and “one of the most influential contemporary books about the world economy” by The Economist, the newly revised eighth edition continues McKinsey's long tradition of excellence. In the book, a team of veteran McKinsey & Company professionals walks you through the foundations of valuation, advanced topics like valuing high-growth companies and digital assets, and managerial topics such as corporate portfolio strategy and acquisitions. You'll also discover:
  • Clear, accessible chapters with detailed guidance on the fundamental principles of value creation
  • Best practices to apply valuation to business strategy questions and communicate with investors
  • Ways to analyze and forecast performance, the cost of capital, and put it all together in a coherent valuation
McKinsey & Company has been helping businesses, governments, nonprofit organizations, and other institutions grow and thrive for almost 100 years. Valuation's authors draw on that storied history to bring you the most relevant, accurate, intuitive, and practical guide to valuation on the market today.

Product Details

Authors:
Publisher: Wiley; 8th edition
(May 20, 2025)
Language: English
Hardcover: 880 pages
ISBN-10: 1394279418
ISBN-13: 978-1394279418
Item weight: 1.74 pounds

Inside Valuation

With the authors

In the news

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    Yahoo Finance “On The Move”
    How COVID-19 has changed corporate valuations
    Watch now
    ValueWalk’s Value Talks
    Valuation with Tim Koller, Partner at McKinsey & Company
    Listen now
    The Startup Life
    How to master value creation
    Listen now

    Author Talks: What’s new in Valuation?

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      The economic principles of valuation don’t change that much, but McKinsey Partner Tim Koller explains why they remain more critical than ever as executives seek to address digital, geopolitical, climate, and other trends affecting their businesses.
      Read the full interview

      About the authors

      The authors are all current or former consultants of McKinsey & Company's corporate-finance practice. Collectively they have more than 75 years of experience in consulting and financial education.
      Tim Koller

      Tim Koller is a partner in McKinsey's Stamford, Connecticut, office, where he is a founder of McKinsey's Strategy and Corporate Finance Insights team, a global group of corporate-finance expert consultants. In his 35 years in consulting, Tim has served clients globally on corporate strategy and capital markets, mergers and acquisitions transactions, and strategic planning and resource allocation. He leads the firm's research activities in valuation and capital markets. Before joining McKinsey, he worked with Stern Stewart & Company and with Mobil Corporation. He received his MBA from the University of Chicago.

      Marc Goedhart

      Marc Goedhart is a senior expert in McKinsey's Amsterdam office and an endowed professor of corporate valuation at Rotterdam School of Management, Erasmus University (RSM). Over the past 25 years, Marc has served clients across Europe on portfolio restructuring, M&A transactions, and performance management. He received his PhD in finance from Erasmus University.

      David Wessel

      David Wessels is an adjunct professor of finance at the Wharton School of the University of Pennsylvania. Named by Bloomberg Businessweek as one of America's top business school instructors, he teaches courses on corporate valuation and private equity at the MBA and executive MBA levels. David is also a director in Wharton's executive education group, serving on the executive development faculties of several Fortune 500 companies. A former consultant with McKinsey, he received his PhD from the University of California at Los Angeles.